How to pay at the POS
with a Paycode

QR Scan – A QR scanner attached to the till reads off Paycode on your phone

NFC – The POS has contactless/NFC capabilities and the customer taps the phone on the terminal

How to withdraw cash
from a POS

Similar to making payment at the POS terminal,

First select paycode

Then select get cash

Next, enter your paycode, then the amount

Finally, enter your paycode pin.

Paycode in 60 secs

Tip of the day

Does the use of Paycode attract any charge or fee?

This depends, the cardless withdrawal at the ATM
attracts a surcharge of N100 which is paid by the sender
of the Paycode. While for payments at the POS there’s
no charge.

Generate a paycode without Internet

Simply dial the Verve USSD code [*322*8*Amount#] or your bank’s USSD code and follow the prompts. 'Amount' represents the Value of the Paycode you want to generate.

How long does a Paycode stay active after it has been generated?

A Paycode generated for the ATM is valid for 24 hours and expires after that while a Paycode generated for the POS expires after 15mins.

What does ‘Send via SMS’ mean after Paycode has been generated?

Send via SMS allows you send a Paycode to Family and Friends by entering the recipient’s mobile number or choosing the recipient’s mobile number from your contact list. The Paycode will be sent to the recipient in an SMS. However, you are required to inform the recipient of the Cash-Out PIN directly to ensure the details are kept between just both of you.

Frequently Asked Questions

Paycode is a 10-14 digit code which can be used to get money from the ATM, Paypoint Agent Location or used for payments on the POS at Merchant locations. A paycode can be generated using your bank’s Paycode USSD code (Click here for List of Bank USSD codes). It can also be generated from your eWallet via the Verve World website, App (Download App here), or USSD.

Actually, there are many ways to do this- Your bank’s Paycode USSD code (Click here for List of Bank USSD codes), eWallet via the Verve World website, App (Download App here), or USSD. Let’s take them one by one, shall we?

A Paycode can be generated with any debit card and can be withdrawn at the following ATMs Fidelity Bank, FCMB, GTB, Heritage Bank, Sterling Bank, Union Bank, Unity Bank, Wema Bank, Zenith Bank and Stanbic IBTC.

The maximum value for payment at the POS is N20,000 but it doesn’t need to be in multiples of N1000 as we have at the ATMs. Limits are also subject to what the Issuer (banks) has set on the payment instrument.

Send via SMS allows you send a Paycode to Family and Friends by entering the recipient’s mobile number or choosing the recipient’s mobile number from your contact list. The Paycode will be sent to the recipient in an SMS.

However, you are required to inform the recipient of the Cash-Out PIN directly to ensure the details are kept between just both of you.

Yes you can. Simply dial the Verve USSD code [*322*8*Amount#] or your bank’s USSD code [click for the list of bank USSD codes] and follow the prompts. ‘Amount’ represents the Value of the Paycode you want to generate.

This is a way in which you access your money. For example, your debit cards (Verve, Visa, and MasterCard). It could also be a virtual access where no actual card exists as we have with eCash Click here to learn more about eCash.

Active: Cards with this status have been completely verified by cardholder and issuer (bank) and can be used for all transactions including One Touch Recharge, Paycode at ATM and POS. Subject to Limits set by the bank.

Limited: Cards with this status are yet to be fully verified (they have been verified by the cardholder but not the issuer (bank) and as such only have access to transaction at lower limits set by the bank.

Pending: Cards with this status have not been completely verified (either by the cardholder or their bank) on My Verve World App or website. Completing the process will give access to all the services available on Verve world across all access channels.

Accounts can only have these status – (Active, Limited, Pending or New)

Active: Accounts that have been verified by Account Holder’s Bank and can perform transactions such as Bill Payments, Funds Transfers and Recharge of mobile numbers other than the user’s registered mobile number.

Limited: Same description as active but with lower transaction limits.

Pending: Accounts that have been verified by account holder’s Bank. Only transactions that can be performed with this status is One Touch Self Recharge.